Embassy Developments Limited — Board Meeting, 29-05-2025: Outcome of Board Meeting

Embassy Developments Limited has announced a board meeting on May 29, 2025, approving the audited consolidated financial results for the quarter and year ended March 31, 2025. The group swung to a consolidated PAT of ₹123 Cr, driven by higher revenues and tighter cost control. The company raised ₹335 Cr through share warrants. Key leadership changes include appointing Parag Saraiya as COO (North and West) and Reeza Sebastian Karimpanal as Chief Revenue Officer – Residential, among others, while COO Atul Chandra will step down by end-June. A potential divestment of a Bangalore commercial office project with Embassy Office Parks REIT is under review, with estimated GDV of ₹3,200-3,700 Cr.